Marc Realty Acquires Hotel On 166 E. Superior St. In Chicago For $24M
SOLD
$24,000,000
Illinois
See Similar DealsHotel
Sold 01/10/2022
SOLD
Marc Realty Acquires Hotel On 166 E. Superior St. In Chicago For $24M
166 East Superior Street, Chicago, IL 60611
See Similar DealsHotel
Sold 01/10/2022
Summary
ILLINOIS
Asset Type:Hotel
Transaction Type:Sale
A hotel located at 166 E. Superior St. in Chicago has been sold for $24,000,000. The transaction took place on January 10, 2022. The property was purchased by Marc Realty, with Gerald Nudo representing the buyer.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $24,000,000
- Date: January 10, 2022
- Address: 166 E. Superior St.
- Market: Chicago
Marc Realty, with the representation of Gerald Nudo, acquired the hotel for the aforementioned sale price. No additional information is available regarding the property or the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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